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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenues $ 1,439.9 $ 1,279.1 $ 2,776.9 $ 2,408.6
Cost of sales 870.1 766.4 1,681.0 1,443.8
Gross Profit 569.8 512.7 1,095.9 964.8
Selling and administrative expenses 275.6 267.2 541.1 519.5
Amortization of intangible assets 83.6 80.3 169.8 164.5
Other operating expense, net 13.2 25.1 30.6 19.4
Operating Income 197.4 140.1 354.4 261.4
Interest expense 23.2 22.7 42.2 45.8
Loss on extinguishment of debt 1.1 0.0 1.1 0.0
Other income, net (7.4) (34.1) (12.0) (36.6)
Income from Continuing Operations Before Income Taxes 180.5 151.5 323.1 252.2
Provision for income taxes 41.9 12.5 74.3 23.1
Loss on equity method investments (0.8) (0.7) (5.1) (0.7)
Income from Continuing Operations 137.8 138.3 243.7 228.4
Income (loss) from discontinued operations, net of tax 1.5 96.3 0.1 (83.9)
Net Income 139.3 234.6 243.8 144.5
Less: Net income attributable to noncontrolling interests 0.8 0.7 1.6 1.0
Net Income Attributable to Ingersoll Rand Inc. 138.5 233.9 242.2 143.5
Amounts attributable to Ingersoll Rand Inc. common stockholders:        
Income from continuing operations, net of tax 137.0 137.6 242.1 227.4
Income (loss) from discontinued operations, net of tax 1.5 96.3 0.1 (83.9)
Net Income Attributable to Ingersoll Rand Inc. $ 138.5 $ 233.9 $ 242.2 $ 143.5
Basic earnings (loss) per share of common stock:        
Earnings from continuing operations (in usd per share) $ 0.34 $ 0.33 $ 0.60 $ 0.54
Earnings (loss) from discontinued operations (in usd per share) 0 0.23 0 (0.20)
Net earnings (in usd per share) 0.34 0.56 0.60 0.34
Diluted earnings (loss) per share of common stock:        
Earnings from continuing operations (in usd per share) 0.33 0.32 0.59 0.53
Earnings (loss) from discontinued operations (in usd per share) 0 0.23 0 (0.20)
Net earnings (in usd per share) $ 0.34 $ 0.55 $ 0.59 $ 0.34